We often get asked by both potential contractors and recruitment agencies, what makes PayStream different from other umbrella company service providers? Our answer is simple - our brand is built upon two solid foundations; Service and Compliance. Our goal as a company is to ensure that we not only deliver exceptional service, but that we do so in a compliant manner.
Over the past year or so much has been written and said about this HMRC creation and it is destined to figure prominently in the lead up to April 2020 when the off-payroll working in the private sector rules are scheduled to come into effect. Although we don’t know yet what the final format of the tax legislation will look like, we can be pretty confident that CEST in its current or slightly amended form will be at the operational end of it.
We have recently seen a number of letters from HMRC received by contractors working for a well- known end client in the engineering and construction industry. The letters ask the contractor to check their employment status whilst they carried out work for this particular client.
Working as a contractor gives you a great deal of power over your own workload, allowing you to take on the assignments that appeal to you the most. But once a contract that you've loved working on has finished, how should you go about finding your next exciting opportunity?
The new tax year is now well under way so we want to ensure that you start it in the best possible way, by sharing you with you some personal tax planning help and advice. From personal allowances and reliefs through to potential penalties. We want to ensure that our contractors start the new tax year off on the right foot.